Home Depot and Target Are Down More Than 30%. Should You Buy the Dip on These Dividend Stocks?
As the end of 2022 draws nearer, the market remains volatile, and the S&P 500 is down 24% for the year. With continued global economic upheaval, it's hard to imagine any serious improvement by the end of the year.
That means many great stocks are still on sale. But lower prices don't necessarily mean great deals -- some on-sale stocks could also be value traps. Are Target (NYSE: TGT) and Home Depot (NYSE: HD) worthwhile investments?
Both Target and Home Depot had standout growth throughout the early parts of the pandemic. Considered essential retailers, their stores remained open under lockdown. But they both also operate well-developed omnichannel models to serve customers with a variety of shopping options.
Source Fool.com